1. INDUSTRY STRUCTURE & DEVELOPMENT:
We all know that water is a prime natural resource and a basic human
need for survival and existence. Indeed water is fundamental to our life. In view of the
vital importance of water for human, animal & plant life, for maintaining ecological
balance and for economic and developmental activities of all kinds and considering its
increasing scarcity, the planning and management of this resource and its optimal
economical and equitable use has become a matter of national importance.
Your Company has been in the business of manufacturing, laying and
jointing of pipelines of various pipe materials such as RCC pipes, Steel pipes,
Prestressed Concrete pipes, Penstock pipes, Bar Wrapped Steel Cylinder pipes (BWSC),
Prestressed Concrete Cylinder pipes (PCCP) etc., which provide infrastructure facility and
development of drinking water supply projects, irrigation projects, Sanitation and
Sewerage schemes. For over five decades as a part of nation building, your Company has
also been undertaking infrastructure development programmes by way of executing on turnkey
basis the combined water supply projects i.e. undertaking the complete job of water supply
from source to distribution centers which apart from manufacturing, laying and jointing of
pipelines included construction of intake wells, water sumps, water treatment plants,
water pumping stations, installation of pumping machineries, electro-mechanical works,
branch mains, ground level reservoirs, elevated reservoirs, leading to executions of
complete systems for water supply to various towns and villages of India.
2. OPPORTUNITIES AND THREATS:
Water is one of the most crucial elements in our national developmental
planning for the 21st Century. The proper management of our limited water
resources will be essential to ensure food security for countrys growing population
and to eliminate poverty. (Water Policy and Action Plan for India 2020: An Alternative).
As per Indian Census 2011, the population of India was 121 crores. A
scarce natural resource, water is fundamental to life, livelihood, food security and
sustainable development. India has more than 18% of the worlds population, but has
only 4% of worlds renewable water resources and 2.4% of worlds land area.
There are further limits on utilizable quantities of water owing to uneven distribution
over time and space. In addition, there are challenges of frequent floods and droughts in
one or the other part of the country. With a growing population and rising needs of a fast
developing nation as well as the given indications of the impact of climate change,
availability of utilizable water will be under further strain in future with the
possibility of deepening water conflicts among different user groups. The main emphasis of
the National Water Policy, 2012 is to treat water as economic good. Low consciousness
about the scarcity of water and its life sustaining and economic value results in its
mismanagement, wastage, and inefficient and reduction of flows below minimum ecological
needs. In addition, there are inequities in distribution and lack of a unified perspective
in planning, management and use of water resources (Source:- National Water Policy 2012).
As it is with the growing population demanding more food, more products and higher
standards of living, the shortage of drinking water can only get worse. Thus there is a
vast scope for improvement in infrastructural developmental activities in water supply,
drainage and sewerage schemes in sanitation Swachh Bharat segments leading to good scope
for the Companys manufacturing and contracting activities in this field.
Growth of population and the expansion of economic activities
inevitably lead to increasing demands for water for diverse purposes i.e. domestic,
industrial, agricultural, hydro-power, thermal power, navigation, recreation etc. Domestic
and Industrial water needs have been largely concentrated in or around major cities,
however the demand in rural areas is expected to increase sharply with the development
programmes of State Governments to improve the economic conditions of the rural mass.
Demand for water for hydro and thermal power generation and for other industrial uses is
also increasing substantially. As a result water which is already scarce will become even
scarcer in future. This underscores the need for the utmost efficiency in water
utilisation and its distribution. Through awareness of efficient water supply system and
water quality, we can keep our water supply adequate and provide clean & healthy water
for our children. It is their fundamental rights. Hence there is a good scope for many
water supply projects coming up in near future and this auger well for your Company.
Increased competition from medium/large scale construction entities and
availability of substitutes such as alternative pipe materials like Ductile Iron pipes,
spirally welded steel pipes and H.D.P. E. pipes are perceived as one of the threat /
competition to the Company. Another cause is prices of key raw materials namely steel,
steel wires, HT wires and cement, which were on uptrend during the year under review.
3. SEGMENT-WISE ACTIVITY:
The Company is considered a pioneer in the field of water supply
industry; it is in this line of business for over five decades. The
Companys presence is there in almost all water supply related
activities, viz. Urban & Rural Water Supply, Large diameter Irrigation pipelines, Head
Works including pumping machinery, Treatment Plants, Overhead Tanks and other allied Civil
Construction. The Company also supplies Concrete Railway sleepers to Indian Railways. The
segment wise report is as under:
(A) WATER SUPPLY AND SEWERAGE PROJECTS:
(i) Some prominent Water Supply Projects and Drainage Schemes
substantially completed by your Company valued more than Rs. 5,000 Lakhs each
during the year are:-
1. Karnataka Power Corporation Limited, Bengaluru for manufacturing and
supplying to site, laying, jointing, testing and commissioning of 1600/1700 mm dia PCCP
Pipeline and construction of appurtenant works for the water supply pipeline from Kushtagi
to Bellary Thermal Power Plant of the value of Rs. 44,484.17 Lakhs in Karnataka.
2. Municipal Corporation, Bhilai for Water Supply Scheme to Bhilai for
Distribution Network for Bhilai Municipal Corporation consisting of 100 to 900 mm dia DI
K7 Pipes for 447.66 Km of the value of Rs. 11,620.25 Lakhs in Chhattisgarh.
3. The PHED, Region Alwar, Rajasthan, for Urban Water Supply Scheme
Alwar and Bhiwadi Dist, Alwar consisting of DI K7 pipes and HDPE Pipes including 12
Nos OHSRs, 05 Nos CWRs, 09 Nos Pump Rooms, 61 Nos Tube Wells SCADA etc. of the value of
Rs. 10,963.70 Lakhs
4. Municipal Council, Mandsaur, Madhya Pradesh, for Water Supply Scheme
to Mandsaur consisting of 600 mm dia DI K9 pipes for 53 KM and 110 to 200 mm dia HDPE
pipes for 25 KM including Intake Well 21.35 MLD of the value of Rs. 5,358.60 Lakhs.
(ii) Companys works on many Water Supply Projects and Drainage
Schemes valued more than Rs. 5,000 Lakhs each are progressing well and/or nearing
completion and the noteworthy amongst them are:-
1. Minor Irrigation and Ground Water Development Division, Koppal, for
filing of tanks in Kushtagi Taluk of Koppal district by lifting water from
Kishna River for ground water development and drinking purpose Pipeline
consisting of 500 to 800 mm dia BWSC, 150 to 1250 mm dia MS and 160 to 280 mm dia HDPE
pipes, construction of intake channel, jack well cum pump house with Power supply
including terminal bays, laying of transmission lines etc. including civil works of the
value of Rs. 56,105.03 Lakhs in Karnataka.
2. State Water & Sanitation Mission, Kanpur Water Supply Scheme and
various Rural Water Supply Projects in the State of Uttar Pradesh, consisting of Survey,
Design, Preparation of DPR, Construction, Construction of tube well / Intake Well, WTP,
rising / pressure mains, CWRs, overhead tanks, distribution pipe networks, individual
house connections, public stand posts, Retrofitting
Rs. 55,000.00 Lakhs.
3. Municipal Corporation Madurai for dedicated Water Supply Scheme for
Madurai Corporation from Mullai Periyar River at Lower Camp including Head works, Raw
Water Pipeline Package-1 consisting of 1067 to 1118 mm dia MS pipes for 95,740 Mtrs.
including Intake Well - 3 M Dia - 1 No, Collection Well Cum Pump-House and Coffer-Dam
Arrangements– 1 No, Pipe Carrying Bridges for River Crossing – 7 nos Electro
Mechanical works of the value of
Rs. 35,753.42 Lakhs in Tamilnadu. in Tamilnadu.
4. Water Resources Investigation Division, Palanpur, (Narmada Water
Resources, Water Supply & Kalpsar Department), Gujarat for the work of Engineering,
Procurement and Construction (EPC) Contract for Lift Irrigation M.S pipeline project for
transmission of 200 cusecs of water from N.M.C. Chainage 431.200 Km near Tharad to Sipu
Dam for Package 1 from Head Works at Tharad (Mahajanpura Village) to Head Works at Ramsan
Village with Intermediate Head Works at Madal Village consisting of 2,024 mm dia MS pipes
for 43.380 Kms and 315 mm dia HDPE pipes for 72.045 Kms of the value of Rs. 34,076.82
Lakhs in Gujarat.
5. Public Health Engineering Department, Jaipur, Region-II, for
Bisalpur- Prithviraj Nagar Water Supply Project Phase-I, Stage-I Consisting of 700 to 2300
mm dia MS, 100 to 600 mm dia DI and 110 to 200 mm dia HDPE Pipes including Clear Water
Reservoir : 10 Nos (2000 KL to 36000 KL) Over Head Service Reservoir : 19 Nos (1000 KL to
2500 KL) Pumping Station with Chlorination Room:- 9 nos PLC & SCADA System of the
value of Rs. 29,550.63 Lakhs in Rajasthan.
6. Municipal Corporation Madurai, for dedicated Water Supply Scheme for
Madurai Corporation from Mullai Periyar River at Lower Camp etc. of the value of
Construction of Distribution Network System (DI & HDPE), House
Service connections, and Instrumentation Package-IV consisting of 250 to 400 mm dia DI K7
pipes - 68.62 Km, 110 mm to 200 mm dia HDPE (PN-6) Pipes - 786.37 Km, 20 mm to 32 mm House
service connection-118583 Nos Electro Mechanical works of the value of Rs. 25,759.79 Lakhs
in Tamilnadu.
7. TWAD Board, Coimbatore for CWSS to Alampalayam Town & other
habitations in Namakkal District, consisting of 100 to 300 mm dia DI K7 pipes for 114.36
km, 100 to 600 mm dia DI K9 pipes for 85.45 km, 813 & 700 mm dia MS pipes for 18.87 km
and 63 to160 mm dia PVC pipes for 624.76 km including Water Treatment Plant, Overhead
tanks allied civil works of the value of Rs. 25,619 Lakhs in Tamilnadu.
8. Madhya Pradesh Jal Nigam Maryadit for Indwar-I Multivillage Rural
Water Supply Scheme in Umariya and Katni District consisting of 100 to 800 mm dia DI (K-7)
Pipes for 257.23 Km, 600 mm dia DI (K9) pipes for 51.24 Km and 90 to 200 mm dia HDPE
(PN-6) Pipes for 1674.34 km including Intake well 35.90 MLD, Water Treatment Plant 29.10
MLD, Overhead Tank 66 Nos. (100 KL to 500 KL) and 27,500 Nos. House Service Connection of
the value of Rs. 24,424.80 Lakhs in Madhya Pradesh.
9. State Water and Sanitation Mission, Lucknow, Uttar Pradesh for
Construction of Kuraicha Group of Villages Water Supply Scheme, District – Jhansi
(Based on Surface Water) consisting of DI K9 150 to 600 mm dia for 1,37,713 mtrs, DI K7
pipes 100 to 300 mm dia for 2,25,840 mtrs and GI pipes 50 to 80 mm dia for 3,16,871 mtrs
including operation and maintenance of the value of Rs. 23,826.49 Lakhs.
10. Water Resources Investigation Division, Palanpur, (Narmada Water
Resources, Water Supply & Kalpsar Department), Gujarat for the work of Engineering,
Procurement and Construction (EPC) Contract for Lift Irrigation M.S pipeline project for
transmission of 200 cusecs of water from N.M.C. Chainage 431.200 Km near Tharad to Sipu
Dam for Package 2 from Head Works at Ramsan Village to Sipu Dam consisting of 2,028 mm dia
M.S. pipes for 25.34 Kms and 315 mm dia HDPE Pipes for 38.46 Kms including
Electro-mechanical and instrumentation works of the value of Rs. 21,062.67 Lakhs in
Gujarat.
11. Municipal Corporation Bilaspur, Chhattisgarh for Bilaspur Water
Supply Scheme part-I consisting of 1,500 mm dia MS pipes, 300 to 1100 mm dia DI K7 pipes
and 700 to 900 mm dia DI K9 pipes including water treatment plant, overhead tanks of the
value of Rs. 20,554.53 Lakhs in Chhattisgarh.
12. Public Health & Municipal Engineering Department,
Ananthapuramu, Andhra Pradesh for Providing Water Supply Distribution Network, House
Service Connections, AMR Meters and SCADA including Operation and Maintenance in Municipal
Towns of Yemmiganur, tmakur, Allagadda, Gudur and Nandikotkur in Kurnool District (Package
- II) consisting of 300 to 450 mm dia DI K-7 Pipes and 110 to 250 mm dia HDPE Pipes
including civil works of the value of Rs. 20,450.82 Lakhs in Andhra Pradesh.
13. Minor Irrigation & Ground Water Development Division, Kalaburgi
Lift Irrigation Scheme consisting of Survey, investigation, design, supply installation,
testing etc., "Filling of tanks in Kalaburagi (south) taluk of Kalaburagi district by
lifting water from Bennithora reservoir for ground water development and drinking purpose,
comprising of head works, Construction of Approach Channel, Intake Channel, Jack Well cum
Pump House, Raw Water Pumping, 300 to 100 mm dia Ms Pipes and 500 mm dia BWSC pipes,
laying of transmission lines. Raising main, Delivery chambers and gravity mains etc along
with Pumps & Motors, Rejuvenation of Kere Bhosga & Melkunda Tank of the value of
Rs. 19,879.99 Lakhs in Karnataka.
14. Jalgaon Jamod & 150 Villages Regional Rural Water Supply Scheme
(Retrofitting), Tq. Jalgaon Jamod & Sangrampur, Dist.Buldhana.
(Under
Jal Jeevan Mission). The Project comprises of PCC pipeline of 450 to
700 mm dia of 26.34 km, 100 to 500 mm dia DI K-7 pipes of 253.83 Km, MS Pipeline of 450 mm
to 800 mm dia of 1.90 Km of the value of Rs. 19,402.90 Lakhs for Maharashtra Jeevan
Pradhikaran, Maharashtra.
15. Madhya Pradesh Urban Development Co. Ltd., for Bhedaghat Water
Supply Scheme consisting of 150 to 200 mm dia DI K7 pipes for 10.95 KM, 100 to 600 mm dia
DI K9 pipes for 148.06 KM and 110 to 315 mm dia HDPE Pipes for 328.44 KM including Intake
Well 27.93 MLD, water treatment plant 31 MLD, overhead tanks 13 Nos. (120 KL to 920 KL)
and 32,066 Nos. House Service Connections of the value of Rs. 18,959.96 Lakhs in Madhya
Pradesh.
16. Tillari Water Supply project comprises of PCC pipeline of 1300,
1200, 900 mm dia for 15.90 Km and BWSC pipeline of 500 to 600 mm dia for 30.78 Km of the
value of Rs. 18,340.92 Lakhs for Maharashtra Jeevan Pradhikaran in Maharashtra.
17. For supply, laying, jointing & testing of DI Pipes from 100 mm
to 600 mm dia for length of 7,10,062 Mtrs, 762 mm to 1,422 mm dia MS Pipes for length of
23,815 Mtrs. and DI Specials, Valves etc. and connected civil works of the value of Rs.
17,915.04 Lakhs, for Byatarayanapura WSS, for Bangalore Water Supply & Sewerage Board,
Bangalore in Karnataka.
18. Madhya Pradesh Jal Nigam Maryadit for Naharayi Multi village Rural
Water Supply Scheme in District Bhopal & Vidisha consisting of 100 to 500 mm dia DI
(K-7) Pipes for 187.732 Km, 100 mm to 350 mm dia DI (K9) pipes for 16.440 Km and 63 to 200
mm dia HDPE (PN-6) Pipes for 478.757 km including Intake well 28.32 MLD, Water Treatment
Plant 21.50 MLD, Overhead Tank 28 Nos. (50 KL to 400 KL) and 12,737 Nos. House Service
Connection of the value of Rs. 17,739.00 Lakhs in Madhya Pradesh.
19. Public Health Engineering Department, Jaipur, Region-II, for
Bisalpur Jaipur Water Supply Project Stage-II, Phase-I, including Construction of WTP
having capacity of 216 MLD extendable to 360 MLD at Surajpura Construction of Pumping
Station-2 nos. Clear Water Reservoirs having capacity of 30 MLD at Renwal-2 nos.
Construction of 150 KL Capacity RCC underground Sump for collection of recycled water. PLC
& SCADA System at WTP and Pump Houses conducting of Surge Analysis Solar Power
Generation System of the value of Rs. 17,315.58 Lakhs in Rajasthan.
20. Municipal Corporation Raipur, Chhatisgarh for Raipur Water Supply
Scheme consisting of 100 to 600 mm dia DI K7 pipes and 200 to 500 mm dia DI K9 pipes
including water treatment plant, overhead tanks and 12,466 Nos. House Service Connections
of the value of Rs. 16,152.65 Lakhs in Chhatisgarh.
21. Construction of Piped Distribution Network (PDN) for Palashi
Branch, Vadjal Branch, Dy-1, Dy-2 & Minor No.1 to 18 on Man Canal of Urmodi Irrigation
Project consisting 600 mm to 1600 mm dia PCC Pipes of 24.66 Kms, 350 mm to 500 mm dia BWSC
Pipes of 45.32 Kms, 110 mm to 315 mm HDPE Pipes of 344.30 Kms and allied civil works
accepted tender cost of 15,627.43 Lakhs for Maharashtra Krishna Valley Development
Corporation, Maharashtra. 22. The Public Health Circle, Ananthapuramu for Tadipatri Water
Supply Improvement Scheme, AMRUT scheme consisting of 150 to 800 mm dia DI K9 pipelines of
the value of Rs. 13,554.56 Lakhs in Andhra Pradesh.
23. Gajapati Water Supply Scheme for Rural Piped Water Supply Projects
pertaining to Kasinagar & Gumma block of Gajapati District consisting of DI K9 100 to
400 mm dia for 94,799 mtrs, DI K7 pipes 200 to 250 mm dia for 37,937 mtrs and HDPE pipes
90 to 160 mm dia for 2,56,833 mtrs including operation and maintenance of the value of Rs.
13,482.10 Lakhs in Odisha.
24. Madhya Pradesh Jal Nigam Maryadit for Kandaila Multi village Rural
Water Supply Scheme in Rewa district consisting of 100 to 500 mm dia DI (K-7) Pipes for
120.02 Km, 450 to 600 mm dia DI (K9) pipes for 8.88 Km and 90 to 280 mm dia HDPE (PN-6)
Pipes for 868.05 km including Intake well 25.4 MLD, Water Treatment Plant 20.6 MLD,
Overhead Reservoirs, House service connection 19,633 Nos. Clear Water Pumping Mains and
allied civil works of the value of Rs. 13,407.95 Lakhs in Madhya Pradesh.
25. Asolamendha Project Renovation Division No.1, Mul, Dist. Nagpur for
creation of Irrigation Potential 9219 Ha. by providing irrigation facility to CCA 7348
Ha.by Construction of Earth Work, Structure and Lining in Km. 1 to Km. 3 and Pipe
Distribution Network in Km. 3 to Km. 16.32,Dewada Sub Branch and Network in Km. 1 to 16.32
of Gowardhan Branch on Asolamendha Project consisting of 63 to 315 mm dia – HDPE
Pipes – 494.66 Kms, 350 to 600 mm dia HDPE Pipes– 33.55 Kms, 700 to 1700 mm dia
PCCP Pipes– 23.96 Kms, 2000 mm dia-1.70 Kms & 2300 mm dia – 3.93 Kms
M.S.Pipes of the value of Rs. 13,307.74 Lakhs in Maharashtra.
Canal Lining for Asolamendha Project Renovation Division, Gowardhan
Branch, in Maharashtra.
26. Korba Municipal Corporation, Korba for Water Supply Scheme to Korba
consisting of DI & PCCP Pipes, Raw Water pumping Main of the value of Rs. 12,803.94
Lakhs in Chhattisgarh.
27. Municipal Corporation Raipur, Chhattisgarh for Augmentation of
Raipur Water Supply Scheme Phase-II Package-V consisting of 100 to 500 mm dia DI K7 pipes
for 341.10 km and 500 to 800 mm dia DI K9 pipes for 5.79 km including allied civil works
and 40,281 Nos. House Service Connections of the value of Rs. 12,749.97 Lakhs in
Chhatisgarh.
28. Madhya Pradesh Jal Nigam Maryadit for Bankpura Multivillage Rural
Water Supply Scheme in Rajgarh District consisting of 100 mm to 450 mm dia DI (K-7) Pipes
for 189.30 Km, 100 mm to 450 mm dia DI (K9) pipes for 32.04 Km and 90 mm to 225 mm dia
446.25 Km for HDPE (PN-6) Pipes including Intake well 17.98 MLD, Water Treatment Plant
14.75 MLD, Overhead Reservoirs 58 Nos. and House service connection 22,680 Nos. Clear
Water Pumping Mains and allied civil works of the value of Rs. 12,698.65 Lakhs in Madhya
Pradesh.
29. The Public Health Circle, Nellore for Ongole Municipal Corporation
Water Supply Improvements Scheme, AMRUT project consisting of 200 to 450 mm dia DI
pipeline, 110 to 315 mm dia HDPE pipeline, 1200 mm dia MS Pipeline and 500 mm dia BWSC
pipeline of the value of Rs. 12,256.62 Lakhs in Andhra Pradesh.
30. Municipal Corporation Raipur, Chhattisgarh for Augmentation of
Raipur Water Supply Scheme Phase-II Package-IV consisting of 100 to 600 mm dia DI K7 pipes
for 303.66 km and 200 to 500 mm dia DI K9 pipes for 10.31 km including allied civil works
and 23,758 Nos. House Service Connections of the value of Rs. 11,929.97 Lakhs in
Chhatisgarh.
31. Madhya Pradesh Jal Nigam Maryadit for Gadakota Multi village Rural
Water Supply Scheme in Sagar district consisting of 100 to 450 mm dia DI (K-7) Pipes for
160.38 Km, 100 to 450 mm dia DI (K9) pipes for 12.32 Km and 90 to 200 mm dia HDPE (PN-6)
Pipes for 626.34 km including Intake well 18.27 MLD, Water Treatment Plant 15.21 MLD, Over
head Reservoirs, House service connections 16,200 Nos. Clear Water Pumping Mains and
allied civil works of the value of Rs. 11,710.05 Lakhs in Madhya Pradesh.
32. J.C. Nagi Reddy Drinking Water Supply Scheme in Ananthapuramu
District (Phase-IV) in Andhra Pradesh consisting of 350, 800 & 900 mm dia BWSC pipes
of the value of Rs. 11,335.89 Lakhs for Rural Water Supply & Sanitation Department in
Andhra Pradesh. 33. Public Health Engineering Department, Jahazpur JJM, for Chambal
Bhilwara Water Supply Project Phase II Consisting of 100 to 250 mm dia DI and 75 to 225 mm
dia HDPE Pipes including Clear Water Reservoir : 3 Nos (50 KL to 100 KL) Over Head Service
Reservoir : 14 Nos (75 KL to 250 KL) Pumping Station with Chlorination Room:- 1 nos HSC:-
32,990 nos PLC & SCADA System of the value of Rs. 110,00.93 Lakhs in Rajasthan.
34. S4B for manufacture, supply, laying, jointing & testing of RCC
NP3 class pipes from 400 to 1400 mm dia for 18,440 Mtrs, DWC SN8 Pipes of 450 mm dia and
600 mm dia for length of 2,319.50 Mtrs and 1,013 Mtrs length of 900 to 1800 mm dia MS
pipes of the value of Rs. 10,012.29 Lakhs for Bangalore Water Supply & Sewerage Board,
Bengaluru in Karnataka.
35. Municipal Corporation Bilaspur, Chhattisgarh for Bilaspur Water
Supply Scheme part-II consisting of 100 to 500 dia DI K7 pipes including 56,251 Nos. House
Service connection of the value of Rs. 9,676.87 Lakhs in Chhattisgarh.
36. S4D for manufacture, supply, laying, jointing & testing of RCC
NP3 class pipes from 900 to 1800 mm dia for 12,426 Mtrs and MS Casing Pipes of 1800 mm,
2000 mm and 2200 mm dia for length of 220 Mtrs for Trenchless works of the value of Rs.
9,640.54 Lakhs for Bangalore Water Supply & Sewerage Board, Bengaluru in Karnataka.
37. Chilhewadi Pipeline project of PCCP pipeline of 900-1500 mm dia for 28.11 Km and BWSC
Pipeline of 350-800 mm dia for 9.14 km including 1500 mm dia MS Pipeline for Crossing
River and nallah of the value of Rs. 9,012.72 Lakhs for Maharashtra Krishna Valley
Development Corporation, Maharashtra.
38. Buldhana Water Supply Scheme for RCC Design, Construction,
Commissioning and Trial Run for Buldhana & 4 Village Water Supply Scheme. The Project
comprises of PCC pipeline of 600 to 800 mm dia for 27.18 km of the value of Rs. 8,131.95
Lakhs for Maharashtra Jeevan Pradhikaran, Maharashtra.
39. Madhya Pradesh Jal Nigam Maryadit for Kerwa Multi village Rural
Water Supply Scheme in District Bhopal consisting of 150 to 350 mm dia DI (K-7) Pipes for
120.639 Km, 200 mm to 350 mm dia DI (K9) pipes for 20.912 Km and 63 to 250 mm dia HDPE
(PN-6) Pipes for 179.273 km including Intake well 16.70 MLD, Water Treatment Plant 11.30
MLD, Overhead Tank 14 Nos. (50 KL to 250 KL) and 8,842 Nos. House Service Connection of
the value of Rs. 8,080.24 Lakhs in Madhya Pradesh
40. Asolamendha Project Renovation Division No.1, Mul, Dist. Nagpur for
creation of Irrigation Potential 4551.34 Ha. By Providing Irrigation facilities by Design
and Construction of Pipe Distribution System on Dighori Branch Canal on Asolamendha Main
Canal of Gosikhurd consisting of 700 to 1000 mm dia PCCP Pipes for 13.63 kms, 350 to 600
mm dia DI K-7 pipes for 24.48 kms and 63 to 315 mm dia PVC pipes for 507.43 kms of the
value of Rs. 7,813.96 Lakhs in Maharashtra.
41. Irrigation Project Division, Nagpur for the work of construction of
M. S. Feeder Pipeline from Kochi Barrage to Pench RBC (28.86 Kms), Head Regulator,
Delivery Chamber, Reconstruction of Road and allied works of Kanhan River Project (Kochi
Barrage) consisting of 2000 mm dia M S Pipes for 14.39 Kms of the value of Rs. 7,783.67
Lakhs in Maharashtra.
42. For Supply, Laying, Jointing & Testing of DI K-9 Class Pipes
from 100 mm to 600 mm dia for a length of 1,22,000 Mtrs., 508 mm & 900mm dia MS Pipes
for length of 570 Mtrs. for Trenchless Works and DI Specials, Valves etc. and connected
civil works of the total value of
Rs. 5,707.68 Lakhs, for the Work of Providing Water Supply Facilities
to Phase-1 of Arkavathi BDA Layout, for Bangalore Water Supply & Sewerage Board,
Bangalore in Karnataka.
43. M/s Koya & Company Construction Limited, Providing Drinking
Water and Irrigation Facilities to 68 tanks in the upland areas of Kurnool District from
Left Side to HNSS main Canal - Phase-I. consisting of PSC & RCC Pipes 500, 600, 900
& 1100 mm ? x 06 KSC PSC 500 mm dia P2 RCC of value of Rs. 5,584.17 Lakhs in Andhra
Pradesh. 44. Asolamendha Project Renovation Division Saoli for construction of pipe
distribution network on Kapsi sub branch of Asolamendha Project consisting of 63 mm to 315
mm dia PVC pipes of 361.57 Kms, 350 to 600 mm dia DI K-7 pipes of 33.44 kms and 700 to
1200 mm dia PCCP pipes of 3.29 kms and allied civil works of the value of Rs. 5,381.35
Lakhs in Maharashtra.
45. Municipal Corporation, Tirupati Municipal Corporation under AMRUT
Scheme for providing Sewerage Network and Sewerage House Service Connections, Construction
of 500 KLD consisting of DWC & RCC pipelines including civil work of the value of Rs.
5,297.47 Lakhs in Andhra Pradesh.
46. M/s Koya & Company Construction Limited, Construction and
commissioning on turnkey basis of Bonthu-Saravakota-Kothuru L. I. Scheme on Mahendratanya
River in Saravakota Mandal of Srikakulam District PSC, consisting of RCC & PVC
Pipelines MS Pipeline - 2.54 Kms, PSC Pipeline - 14.70 Kms, RCC Pipelines -
4.00 Kms and PVC Pipelines - 20.00 Kms of the value of Rs. 5,061.25 Lakhs in
Andhra Pradesh.
(B) Bar Wrapped Steel Cylinder (BWSC) Pipes/Prestressed Concrete
Cylinder Pipes (PCCP)/ Prestressed Concrete Pipes (PSC):
The BWSC and PCCP pipes introduced by the Company as an alternative
pipe materials to M.S. and D.I. pipes have become popular amongst various Government
authorities. The Company has undertaken / is undertaking several projects involving BWSC
& PCCP pipes. To meet the demand of these pipes, the Company had specially set up
manufacturing plants at Choutuppal in Telangana, Chilamathur in Andhra Pradesh, Dhule and
Walwa in Maharashtra. In addition to the above, the Company has also created facilities to
manufacture these pipes in its existing factories at Rajkot, Kanhan, Patancheru, Yelhanka,
Thanjavur, Kekri, Sikar, Karari and Kovvur to cater to the local demands. During the year
under review, these plants produced 56.14 Kms of BWSC pipes valued at Rs. 2,087.89 Lakhs,
54.80 Kms of PCCP Pipes valued at Rs. 5,510.95 Lakhs and 18.04 Kms of PSC Pipes valued at
Rs. 593.36 Lakhs.
During the year the Company has received orders worth Rs. 4,100 Lakhs
for BWSC pipes, orders worth Rs. 352.86 Lakhs for PSC pipes and orders worth Rs. 9,299.11
Lakhs for PCCP pipes along with other civil works. Due to COVID – 19 Pandemic after
effect on less order intake, most of plants have worked at much less capacity during the
year under review.
(C) Railway Sleepers:
During the year the Company has received work orders of Rs. 2,448 Lakhs
and the Company has manufactured 96,866 sleepers amounting to Rs. 2,082 Lakhs against the
order(s) received from Ministry of Railways, Railway Board, New Delhi.
4. Outlook:
During the last decade, Urban area limits are spreading wider and wider
to peripheral areas, but at the same time, the basic amenities like Water Supply,
Drainage, etc are not keeping pace with the requirement of more and more urbanization.
Apart from the above, most of the rural areas in India fall short of access to drinking
water. Central Government, State Governments and local bodies are making best efforts to
supply safe drinking water. Hence, number of water supply schemes are under anvil.
Har Ghar Jal (Water to Every Household) is a Scheme announced in
the Union Budget 2019 by the Government of India with the aim to provide tap water to
every rural household by the year 2024 at a cost of Rs. 5 Lakhs Crore during next 5 years.
To augment agricultural output, Lift Irrigation Schemes (LIS) are
undertaken by various State Governments. Hence, number of LIS are under anvil.
Further to make cities and rural areas under more hygienic conditions
and endeavour towards Swachha Bharat number of sewerage disposals and drainage schemes are
also coming up.
Due to Covid-19 pandemic in the country there are challenges.
The Company has taken step for cutting costs and conserving the funds
in this uncertain times.
Barring the above factors, the long term outlook for the Company in
water supply, irrigation, sewerage and drainage segments is encouraging and good. The
Company will keep a close watch on the evolving scenarios and will prepare itself for
adapting to the changing environment.
5. Risks & Concerns:
The Companys activities and prospects largely depend on the
implementation of various water supply related projects undertaken by various States /
Central Government Agencies. The Company is undertaking turnkey projects of water supply
schemes, irrigation and sewerage schemes of various State Governments and it depends upon
their policy on approval of finance and allocation of funds as well as their ability to
raise funds to undertake such water supply projects amongst various infrastructure related
projects being implemented by them. Adverse changes and lack of funds, delays the work
resulting in higher cost and can affect the business prospects of the industry and the
Company. Severe competition from the manufacturers of alternative pipes like Ductile Iron
Pipes, PVC Pipes, HDPE Pipes, and Spirally Welded Steel Pipes can affect the
Companys prospects. In the year under review the steel manufacturers had high export
order book position that were more profitable to them than domestic sales. Majority of
steel produced was exported thus it created mismatch in domestic demand and supply. With
the result steel prices had skyrocketed since last quarter of FY 2021-22. To ease out the
situation in May, 2022 Govt. of India had imposed additional export duty on steel
products. Due to this prices of HR Coils, Wire Rods dropped by 20% till October 2022.
After removal of additional Export Duty in November, 2022, price of
steel surged by 10%. PC Wire prices were at peak in April 2022 but started dropping till
December 2022. Thereafter the prices had uptrend from January to March, 2023 with rise of
about 7%. In the last quarter of the year under review key raw material prices witnessed
upward trend. Cement prices had dropped by 7% from April to August 2022 but started
surging and gained 10% till March, 2023.
During the year under review, PVC pipe prices dropped by 50% whereas
HDPE pipe prices dropped by 10% DI Pipes prices had a steady upward trend and prices
increased by 20%. Rise in price of DI pipes resulted due to big mismatch between demand
and manufacturing capacity.
6. Internal Control Systems and their adequacy:
TheCompanyhasadequateinternalcontrolprocedurescommensurate with its
size and nature of business that ensures control over various functions of the
organisation. The internal control system provides for guidelines, authorisation and
approval procedures.
The internal audit reports, post audit reviews are carried out to
ensure compliance with the Companys policies and procedures.
7. Financial Performance with respect to Operational
Performance:
For the year ended 31st March 2023, the Revenue from
Operations of the Company was Rs. 1,54,288.46 Lakhs as compared to previous year Revenue
from Operations of Rs. 1,52,039.09 Lakhs.
The profit before tax was Rs. 7,237.74 Lakhs as against
Rs. 7,798.19 Lakhs achieved last year. The order book position was Rs.
3,112.03 Crores as on 6th May, 2023 as compared to
Rs. 3,822.73 crores as on 20th May, 2022.
8. Details of significant previous financial year 2021-22 in key
financial ratios, along with detailed explanations therefor:
Please refer schedule No. 2.45 of the Notes to Financial Statements.
9. Details of any change in the Return on Net Worth as compared
to the previous financial year 2021-22 along with a detailed explanation thereof:
| Particulars |
2022-23 |
2021-22 |
Change % |
| Return on Net worth* |
8.58% |
9.23% |
-6.96 |
* The reduction in the ratio is mainly due to lessor profits as
compared to previous year.
10. Human Resources and Industrial Relations:
The Company has total strength of 1407 permanent employees as on 31stMarch,
2023 working at various locations at Factories / Project offices / Head Office Research
& Development Division.
In India, Covid-19 pandemic started spreading from March 2020. The
Company had circulated notices with the information related to this pandemic disease and
precautionary measures to be taken at workplaces. The Company has made all the necessary
arrangements such as providing masks to the employees, sanitize all the workplaces,
measuring the temperature at the time of reporting for work at factory gate and at office
entrance, arrangement of washing hands with soap, etc. During the complete National
lockdown, the Companys factories, project offices and other Offices were temporarily
closed and the
Company paid wages/salaries to the employees during this period. The
Company has adopted work from home policy for employees working at Head office and other
offices and R & D
From the year 2022 onwards there was a considerable reduction in the
Covid cases and the Company opened offices with limited staff with staggered working
hours. During the said period the Company took all the requisite care as prescribed by the
State/Central Govt. for prevention and spread of Covid-19 pandemic.
During this financial year, the Company had organized Training
programmes on Safety & Health as well as to create awareness about Covid 19 at its
Walwa factory in Maharashtra and Kekri in Rajasthan. Further the Company had organised
training programmes on the above subject matter at its project sites at Jaipur, Bhopal,
Chennai & Raipur. The Company had also organised Induction Training programme for the
fresh engineers at Chennai PO and apprised them about the
Companys policies and procedures and how to attend the work at
project sites by following ISO standard and the safety precautionary measures to be taken
for themselves as well as the employees who are working with them.
11. Cautionary Statement:
Statements in this Management Discussion and Analysis Report describing
the Companys objectives, projections, estimates and expectations may be
‘forward looking statements within the meaning of applicable laws and
regulations. Actual results might differ substantially or materially from those expressed
or implied. Important developments that could affect the Companys operations include
a schedule of implementation of various water supply related projects undertaken by
various States / Central Government
Agencies, significant in India, exchange rate fluctuations, prices and
availability of key raw materials like steel and cement, tax laws, litigations, labour
relations and interest costs, etc.
|
For and on behalf of the Board of Directors, |
|
Rajas R. Doshi |
|
Chairman & Managing Director |
|
DIN: 00050594 |
| Place : Mumbai |
|
| Dated: 16th May, 2023 |
|
+91-9892691696
